Lehman to distribute $14B to creditors next week

March 27, 2013|Reuters

The sign for Lehman Brothers headquarters is seen in New York in 2008. (Nicholas Roberts/AFP/Getty Images)

Lehman Brothers Holdings Inc. on Wednesday said it plans to distribute about $14.2 billion to creditors early next month, as the company winds down after its emergence last year from bankruptcy protection.

The distribution includes about $9.4 billion to third-party creditors and affiliates, $4.4 billion among other debtors, and $370 million for newly-allowed claims.